Beginning in April 2022, Liberty Mutual will implement the following fee changes for policies on installment payment plans:

• Introduce a $5 recurring electronic funds transfer (EFT) fee
• Increase bill by mail and recurring credit card fees up to $8

The increase will be applied to all new and existing policies written or renewed on May 15, 2022, or later. Customers can avoid the installment fees by paying their premiums in full using any payment method.

Bill fees have not increased for several years even though processing costs have continued to rise. Matching fees to the cost of processing differentiates our preferred payment methods and creates transparency, which allows you to help customers make an informed payment choice. In addition, fees are widely accepted across the P&C industry and these increases will keep Liberty Mutual in line with key competitors.

This is a country-wide rollout. Additional dates and states will be communicated as they are approved.

Doing business with us is even easier with eCLIQ Simple. Check out these recent changes:

• Auto risks requiring the ability to suspend coverage temporarily can now be written in eCLIQ Simple, supporting businesses that are seasonal in nature.
• Two additional comprehensive and collision deductible options are now available; $3000 and $5000.

Learn more about these changes.

The cyber suite endorsement is now available for business owner’s policies (BOPs) in eCLIQ in Vermont. Offered through The Hartford Steam Boiler Inspection and Insurance Company, the new endorsement provides your clients with more robust coverage for today’s digital world. Cyber suite policyholders also have access to Cyber Safety^®, a collection of risk management tools that help prevent cyberattacks.

Cyber suite will replace the data compromise and CyberOne™ endorsements previously available for BOP in eCLIQ.

Why do your clients need cyber coverage?
Cyberattacks and data breaches are on the rise. And because small businesses often have fewer cybersecurity measures in place, they are particularly vulnerable to this growing threat. Cyberattacks and data breaches are inconvenient, expensive and can even put your small commercial clients out of business.

How to add this coverage
Coverage can be selected at new business or midterm by endorsement. Policies that currently include data compromise and/or CyberOne will receive policyholder notices at renewal, advising of the new endorsement being added to the renewal policy and a summary of the changes. Cyber suite will automatically attach on new business quotes and display within the Optional Coverages under the Summary of Policy Coverages.

To learn more about the cyber suite endorsement, visit the Agents’ Portal, or check out the on-demand webinar.

Liberty Mutual partners with leading program administrator, MiniCo, to meet the unique insurance coverage needs of nonprofit and social service organizations.

Our program provides comprehensive coverage for all aspects of you clients’ nonprofit operations, from the places where they serve their communities to the staff and volunteers they rely upon to fulfill their mission.

Partner with Liberty Mutual and you benefit from the financial strength and stability of a Fortune 100 carrier.

Read more about our key coverages and appetite.